Yes, it is important for the government to be seen to be responsive to serious fraud at public sector banks, especially in the current, politically
Author: Anil R Tikotekar
Growth inches up: GDP data shows economy is recovering but consumption growth slowdown is worrying–Times of India–02.03.2018
The economy grew at 7.2% in the October-December quarter, the fastest pace of growth we have seen in a little over a year. The positive
GST anti-profiteering application complaint form being made simpler | Business Standard News–02.03.2018
Filing complaints against companies for not passing on the benefits of tax reduction under the goods and services tax (GST) regime is to become simpler.
Correcting misinformed impressions about NPAs and bad banks | Business Standard Column–02.03.2018—–*****
Two features about non-performing assets (NPAs) deserve exploration. First, prevailing impressions about banks and NPAs, such as: Large borrowers are primarily responsible for non-performing loans;
New regulator to discipline auditors is born – Business Line–02.03.2018
As part of the government’s effort to strengthen oversight of the audit profession, the Union Cabinet on Thursday paved the way for an independent regulator,
PNB fraud fallout: Wary banks choke MSMEs’ credit lines – Business Line–02.03.2018
Some banks are demanding 110% margin from importers, says industry body Call it the PNB scam fallout. Micro, small and medium enterprises (MSMEs) are facing
Low interest rate party over: Here is why top banks hiking MCLR is not good news | The Indian Express–02.03.2018
A day after the Central Statistics Office’s data confirmed that the Indian economy was firmly on the road to recovery, with annual growth in gross
‘Don’t use bank scams as an excuse to privatise’ | The Indian Express–02.03.2018
Poorly regulated private banks are even more prone to scams and failure, as the financial sector is rife with information asymmetries and market imperfections. Eminent
[Health Insurance] Right to care | The Indian Express–02.03.2018
Most health insurance policies in India have a clause that excludes “genetic disorders” as grounds for mediclaim reimbursement. On Monday, the Delhi High Court ruled
[Economy] A cautious hope | The Indian Express–02.03.2018
Before this year’s budget, the Economic Survey had suggested that economic management would be challenging in the coming year. Amid the negative sentiment because of
Indian economy is bouncing back, but 7% growth might not be high enough | Mihir Sharma | business news | Hindustan Times–02.03.2018
It’s hard to cheer a recovery when you shouldn’t have had anything to recover from in the first place.(Prashanth Vishwanathan/Bloomberg) The Indian economy has been
Rising bond yields in India are driving away the country’s biggest banks | business news | Hindustan Times–02.03.2018
State Bank of India posted its first quarterly loss in 17 years in the three months through December 31, partly due to a decline in
A judicial crisis is at hand–Deccan Herald–02.03.2018
The problem of shortage of judges is becoming more and more acute, with vacancies in the country’s higher judiciary increasing by the month. There never
Q3 numbers suggest GDP growth is on the right path, finally | Business Standard News–01.03.2018
India regained its status as the world’s fastest growing major economy in the October-December quarter, surpassing China for the first time. Asia’s third-largest economy grew
Q3FY18 GDP growth at 7.2% is not great but isn’t bad either: Here’s why | Business Standard Column–01.03.2018
So, in vindication of what the government has been saying, GDP during the third quarter of 2017-18 has grown by 7.2%. It had grown by
Ex-RBI governor Subbarao cautions govt against deficit, import duties | Business Standard News–01.03.2018—–*****
Former RBI governor D Subbarao today cautioned against India’s deficit challenge and said the country is no longer the sweet spot due to rising oil
Held on arrival: on Karti Chidambaram’s arrest – The Hindu–01.03.2018
Whether the arrest of Karti Chidambaram, son of former Union Minister P. Chidambaram, will result in some forward movement in a criminal investigation that has
E-way bills redux: next step for GST Council – The Hindu–01.03.2018
The group of ministers assessing technology issues related to the Goods and Services Tax regime has proposed rolling out on April 1 the e-way bill
Fiscal deficit overshoots full-year revised estimate in Jan – The Hindu–01.03.2018—–*****
India’s fiscal deficit touched Rs 6.77 lakh crore at the end of January, 113.7 per cent of the target for the entire fiscal, on account
Follow the states | The Indian Express–Mr. Prithviraj Chavan–Ex Chief Minister of Maharashtra –01.03.2018
The National Health Protection Scheme (NHPS) was one of the two big bang announcements in the last full budget of the Narendra Modi government. It